Top credit rating affirmed for Singapore

Singapore has maintained its position as a member of the exclusive - and shrinking - club of economies with top credit ratings. Standard & Poor's (S&P) Ratings Services yesterday affirmed its AAA credit on Singapore's long-term government debt and an A-1+ rating on its short-term debt. Simply put, these ratings mean that if an investor buys Singapore government bonds, S&P believes it is highly likely he will be repaid. 'We affirmed the ratings on Singapore to reflect the (country's) extensive fiscal and external strengths, and its solid record of prudent macroeconomic management,' S&P said in a statement. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus